DDM Analysis: ETGA.TA

Valuation Snapshot

Stable Growth	$59.07 - $340.24	$110.36
Multi-Stage	$36.59 - $39.90	$38.21
Blended Fair Value	$74.29
Current Price	$22.09
Upside	236.30%
Decision	Buy

Dividend History & Growth Metrics (10Y)

Metric	5Y CAGR	10Y CAGR	2024	2023	2022	2021	2020	2019
DPS	37.97%	0.00%	0.91	0.52	0.91	0.85	0.68	0.18	0.00	0.00	0.00	0.00
YoY Growth	-	-	73.91%	-42.50%	6.21%	25.53%	275.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Dividend Yield	-	-	4.37%	4.96%	5.22%	3.86%	3.22%	0.86%	0.00%	0.00%	0.00%	0.00%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)

Net Income To Common (M)	37.78
(-) Cash Dividends Paid (M)	34.00
(=) Cash Retained (M)	3.78

Metric	LOW	BASE	HIGH
Required Retention Ratio	20.0%	12.5%	7.5%
(=) Cash Required (M)	7.56	4.72	2.83
Cash Retained (M)	3.78	3.78	3.78
(-) Cash Required (M)	-7.56	-4.72	-2.83
(=) Excess Retained (M)	-3.78	-0.94	0.95
(/) Shares Outstanding (M)	22.08	22.08	22.08
(=) Excess Retained per Share	-0.17	-0.04	0.04
LTM Dividend per Share	1.54	1.54	1.54
(+) Excess Retained per Share	-0.17	-0.04	0.04
(=) Adjusted Dividend	1.37	1.50	1.58
WACC / Discount Rate	7.94%	7.94%	7.94%
Growth Rate	5.50%	6.50%	7.50%
Fair Value	$59.07	$110.36	$340.24
Upside / Downside	167.39%	399.61%	1,440.27%

Multi-Stage Model: Projections

(USD in Millions)

Metric	TTM	Dec-27	Dec-28	Dec-29	Dec-30	Dec-31	Terminal
Net Income (M)	37.78	40.24	42.85	45.64	48.60	51.76	53.32
Payout Ratio	89.99%	89.99%	90.00%	90.00%	90.00%	90.00%	92.50%
Projected Dividends (M)	34.00	36.21	38.56	41.07	43.74	46.59	49.32

Multi-Stage Valuation

Metric	LOW	BASE	HIGH
WACC / Discount Rate	7.94%	7.94%	7.94%
Growth Rate	5.50%	6.50%	7.50%
Year 1 PV (M)	33.23	33.55	33.86
Year 2 PV (M)	32.48	33.10	33.72
Year 3 PV (M)	31.74	32.65	33.58
Year 4 PV (M)	31.03	32.22	33.45
Year 5 PV (M)	30.32	31.79	33.31
PV of Terminal Value (M)	649.20	680.56	713.12
Equity Value (M)	808.00	843.86	881.04
Shares Outstanding (M)	22.08	22.08	22.08
Fair Value	$36.59	$38.21	$39.90
Upside / Downside	65.64%	72.99%	80.61%

High-Yield Dividend Screener

US Stocks Global Stocks

« Prev Page 29 of 30 Next »

Ticker ⇵	Company ⇵	Dividend Yield % ▼	Dividend Per Share ⇵	Payout Ratio % ⇵
BTBT	Bit Digital, Inc.	0.25%	$0.01	1.17%
PVH	PVH Corp.	0.25%	$0.17	2.41%
AEL	American Equity Investment Life Holding Company	0.24%	$0.14	2.19%
CRS	Carpenter Technology Corporation	0.24%	$0.80	9.74%
L	Loews Corporation	0.24%	$0.25	3.58%
PRIM	Primoris Services Corporation	0.23%	$0.30	5.83%
TER	Teradyne, Inc.	0.23%	$0.48	17.39%
FOCS	Focus Financial Partners Inc.	0.22%	$0.12	19.23%
QCRH	QCR Holdings, Inc.	0.22%	$0.18	2.50%
RMAX	RE/MAX Holdings, Inc.	0.22%	$0.02	2.70%
VSEC	VSE Corporation	0.22%	$0.40	30.98%
0J5I.L	Hilton Worldwide Holdings Inc.	0.21%	$0.60	8.71%
PRVAX	Virginia Tax Free Bond Fund	0.21%	$0.02	89.04%
ACA	Arcosa, Inc.	0.19%	$0.20	6.66%
HWM	Howmet Aerospace Inc.	0.19%	$0.40	11.24%
USLM	United States Lime & Minerals, Inc.	0.19%	$0.23	5.04%
AEIS	Advanced Energy Industries, Inc.	0.18%	$0.40	10.65%
BELFA	Bel Fuse Inc.	0.18%	$0.28	5.31%
TILE	Interface, Inc.	0.18%	$0.05	2.63%
0K05.L	Medifast, Inc.	0.17%	$0.02	78.63%
AYI	Acuity Brands, Inc.	0.17%	$0.65	5.19%
BDC	Belden Inc.	0.17%	$0.20	3.53%
FIX	Comfort Systems USA, Inc.	0.17%	$1.70	7.18%
KNSL	Kinsale Capital Group, Inc.	0.17%	$0.66	3.24%
STCN	Steel Connect, Inc.	0.17%	$0.02	1.98%
VVI	Viad Corp	0.17%	$0.07	0.54%
ALNT	Allient Inc.	0.16%	$0.09	7.91%
CLSK	CleanSpark, Inc.	0.16%	$0.02	1.41%
EME	EMCOR Group, Inc.	0.16%	$1.01	4.01%
ESE	ESCO Technologies Inc.	0.16%	$0.32	2.76%
CW	Curtiss-Wright Corporation	0.15%	$0.87	7.08%
MU	Micron Technology, Inc.	0.15%	$0.46	6.11%
SPCMU	Sound Point Acquisition Corp I, Ltd	0.15%	$0.02	1.33%
ENSG	The Ensign Group, Inc.	0.14%	$0.24	4.34%
JBL	Jabil Inc.	0.14%	$0.33	5.48%
PFIE	Profire Energy, Inc.	0.14%	$0.00	1.99%
0R0A.L	Hecla Mining Company	0.13%	$0.02	5.24%
GNW	Genworth Financial, Inc.	0.13%	$0.01	2.27%
ONIT	Onity Group Inc.	0.13%	$0.06	1.46%
0A7O.L	MicroStrategy Incorporated	0.12%	$0.19	0.73%
0KGS.L	Pegasystems Inc.	0.12%	$0.07	4.63%
PRTAX	T. Rowe Price Tax-Free Income Fd	0.12%	$0.01	89.04%
WDC	Western Digital Corporation	0.12%	$0.22	3.25%
GEV	GE Vernova Inc.	0.11%	$0.75	12.15%
MPLF.L	Marble Point Loan Financing Limited	0.11%	$0.07	92.98%
EPAC	Enerpac Tool Group Corp.	0.10%	$0.04	2.34%
GRBK	Green Brick Partners, Inc.	0.10%	$0.07	0.85%
IR	Ingersoll Rand Inc.	0.10%	$0.08	5.89%
RAL	Ralliant Corp.	0.10%	$0.05	2.75%
TXT	Textron Inc.	0.10%	$0.08	1.79%

Financial Statements

Fundamentals

Valuations

Miscellaneous

Mode

Ticker

Industry

Sector

ETGA Group Ltd (ETGA.TA)

Valuation Snapshot

Dividend History & Growth Metrics (10Y)

Stable Growth Model (Adjusted)

Multi-Stage Model: Projections

Multi-Stage Valuation

High-Yield Dividend Screener